Transportation TFI business units reach ‘new heights’ in Q2 July 27, 2021 TFI International is reporting surges in operating profit and net income in the second quarter of 2021, thanks in part to a stronger-than-expected boost linked to the acquisition of UPS…
Business Management TFI International closes UPS Freight deal April 30, 2021 TFI International has closed its acquisition of UPS Freight. (Photo: iStock) The company announced the acquisition, for US$800 million, in January. About 90% of the division will operate as TForce…
Business Management TFI International posts strong Q1, prepares to close UPS Freight deal April 28, 2021 TFI International’s blockbuster acquisition of UPS Freight couldn’t have been timed better. The division achieved record Q1 earnings, with UPS’s Supply Chain and Freight Group more than doubling profits. But…
Business Management Lessons from trucking’s M&A binge March 11, 2021 Not sure if there’s ever been a time in Canada’s trucking industry when M&A lawyers were as busy as they were during the first two months of 2021. Every other…
Business Management New equipment, revenue-generating terminals part of TForce Freight’s plan February 10, 2021 TFI International’s first step in integrating the UPS Freight fleet it purchased in January will be to upgrade the equipment to reduce maintenance and repair costs, and improve driver satisfaction.
Business Management TFI International acquires Fleetway Transport February 1, 2021 TFI International has purchased Fleetway Transport, a Brantford, Ont.-based truckload and heavy haul provider. Fleetway operates flatbeds, roll-tites, stepdecks and other equipment as well as providing warehousing and transportation for…
Business Management TFI International buys UPS Freight in $800M blockbuster deal January 25, 2021 TransForce International has announced it has acquired UPS Freight, the less-than-load (LTL) and truckload divisions of United Parcel Services. Those divisions generated about US$3 billion in revenue last year, and…
Business Management TFI posts strong Q3, terminates APPS acquisition October 23, 2020 MONTREAL, Que. – TFI International shook off the effects of the Covid-19 pandemic, posting a strong third quarter and restoring its workforce. TFI reported net income of $110.7 million, up…
Business Management TFI International buys U.S. dry bulk hauler October 5, 2020 MONTREAL, Que. – TFI International has purchased the dry bulk business of Grammer Logistics, a southeastern U.S. company hauling cement and cementitious materials, sand, fly ash, salt and lime. Grammer…
Transportation TFI acquires DLS for US$225 million September 15, 2020 MONTREAL, Que. — TFI International on Tuesday announced that it has signed a definitive agreement to acquire DLS Worldwide, a business unit of R.R. Donnelley & Sons Co. The deal,…
Transportation TFI International to buy APPS Transport August 28, 2020 MONTREAL, Que. – TFI International has announced it will purchase APPS Transport Group, an Ontario-based provider of LTL, TL and warehousing, distribution and specialized logistics with operations across Canada. The…
Transportation Rosemary Turner joins TFI board August 27, 2020 MONTREAL, Que. — Trucking giant TFI International has announced that industry veteran Rosemary Turner has joined its board of directors. “Over her 40-year career, Turner has delivered specialized supply chain…
Business Management TFI International buys Keith Hall & Sons Transport August 4, 2020 BURFORD, Ont. – TFI International has acquired Keith Hall & Sons Transport, a family-run hauler of liquid and dry foods and general freight. TFI’s latest addition generates about $30 million…
Business Management TFI International brings back employees July 28, 2020 MONTREAL, Que. – TFI International has reinstated five-day workweeks for 594 employees and rehired 793 who had been furloughed, as the trucking industry recovers from economic weakness wrought by the…
Business Management TFI picks up Comcar’s MCT Transportation June 29, 2020 MONTREAL, Que. – TFI International has purchased the assets of MCT Transportation, a refrigerated and dry van subsidiary of Comcar Industries. TFI paid US$9.6 million for the assets, including accounts…
